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2025 Utah Code
Title 48 - Unincorporated Business Entity Act
Chapter 4 - Benefit Limited Liability Company Act
Part 2 - Company Purposes
Section 201 - Company purpose.
Universal Citation:
UT Code § 48-4-201 (2025)
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Effective 5/8/2018
48-4-201. Company purpose.
Enacted by Chapter 201, 2018 General Session
48-4-201. Company purpose.
- (1) In addition to the benefit company's purpose under Section 48-3a-104, a benefit company shall have a purpose of creating general public benefit.
- (2)
- (a) A benefit company's certificate of organization may identify one or more specific public benefits that are the purposes of the benefit company to create.
- (b) Identifying a specific public benefit in accordance with Subsection (2)(a) does not affect a benefit company's obligation to create general public benefit in accordance with Subsection (1).
- (3) The creation of general public benefit and one or more specific public benefits is in the best interests of the benefit company.
- (4)
- (a) A benefit company may amend the benefit company's certificate or organization to add, amend, or delete a specific public benefit.
- (b) An amendment described in Subsection (4)(a) is not effective unless adopted by at least the minimum status vote.
Enacted by Chapter 201, 2018 General Session
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